How is a self-employed home loan different from a conventional home loan?
Self-employed people like you work hard day in and day out, but your tax returns don’t always tell the full story. Because you write off your expenses, it may seem like you don’t earn enough to qualify for a home loan.
That’s where a self-employed home loan comes in. Also known as a Bank Statement Lending Program, we look at all the deposits you get over a two-year period and use that information to figure out if you can qualify for a mortgage. (We’ll do everything we can to make sure the answer is, YES!)